There's one little surprise in Obama's Final Four: He has third-seeded Florida coming out of the South bracket. His other three picks are No. 1 Louisville, No. 1 Indiana, and No. 2 Ohio State.

In the Elite Eight, Obama picked Indiana to advance over No. 4 Michigan; Indiana to advance over No. 2 Miami; Louisville to advance over No. 2 Duke; and Ohio State to advance over No. 5 Wisconsin.

Obama doesn't have the best track record with his March Madness picks. Last season, he picked North Carolina to win the national championship. It lost in the Elite Eight. Two of his Final Four picks last year — Ohio State and Kentucky — did make it to the Final Four.

Obama does have one triumph in this five-year tradition — he correctly picked North Carolina to win the 2009 national championship.

The day Obama makes his March Madness picks is also traditionally Republicans' favorite day to blast him for not spending his time doing something that would seem more important. Today, they're hitting him for not releasing a budget.